Embrace Change Acquisition Corp. Faces Delisting Notice
Ticker: EMCUF · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1869601
| Field | Detail |
|---|---|
| Company | Embrace Change Acquisition CORP. (EMCUF) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0, $0.0001 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, spac
TL;DR
EMBRACE CHANGE ACQUISITION CORP. (ECX) got a delisting notice, trading might be toast.
AI Summary
Embrace Change Acquisition Corp. filed an 8-K on June 4, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, effective May 30, 2024. The company, incorporated in the Cayman Islands, is based in San Diego, CA.
Why It Matters
This filing indicates potential delisting from an exchange, which could significantly impact the liquidity and trading of the company's securities.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's continued presence on a stock exchange, posing a significant risk to investors.
Key Players & Entities
- Embrace Change Acquisition Corp. (company) — Registrant
- 001-41397 (company) — SEC File Number
- May 30, 2024 (date) — Date of earliest event reported
- June 4, 2024 (date) — Date of Report
- San Diego, CA (location) — Business Address
FAQ
What specific listing rule or standard did Embrace Change Acquisition Corp. fail to satisfy?
The filing states it is a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify which rule was violated.
When was the delisting notice effective?
The notice was effective as of May 30, 2024.
What is the SEC file number for Embrace Change Acquisition Corp.?
The SEC file number is 001-41397.
Where is Embrace Change Acquisition Corp. headquartered?
The company's business address is listed as 5186 Carroll Canyon Rd, San Diego, CA 92121.
What is the SIC code for Embrace Change Acquisition Corp.?
The Standard Industrial Classification (SIC) code is 6770, which corresponds to 'BLANK CHECKS'.
Filing Stats: 580 words · 2 min read · ~2 pages · Grade level 13.8 · Accepted 2024-06-04 16:30:14
Key Financial Figures
- $0 — ting of one Ordinary Share of par value $0.0001, one Warrant and one Right EMCGU
- $0.0001 — Market LLC Ordinary shares, par value $0.0001 per share, included as part of the Unit
Filing Documents
- embracechange_8k.htm (8-K) — 34KB
- 0001829126-24-003943.txt ( ) — 260KB
- cik0001869601-20240530.xsd (EX-101.SCH) — 4KB
- cik0001869601-20240530_def.xml (EX-101.DEF) — 27KB
- cik0001869601-20240530_lab.xml (EX-101.LAB) — 38KB
- cik0001869601-20240530_pre.xml (EX-101.PRE) — 26KB
- embracechange_8k_htm.xml (XML) — 8KB
01 Notice of Delisting or Failure to
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On May 30, 2024, Embrace Change Acquisition Corp. (the "Company") received a delinquency notification letter (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024. Pursuant to the delinquency letter it previously received related to the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "Initial Delinquent Filing"), the Notice states that the Company has until July 1, 2024, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to October 14, 2024, or 180 calendar days from the due date of the Initial Delinquent Filing, to regain compliance. If the Company fails to timely regain compliance with Nasdaq Listing Rule 5250(c)(1), the Company's common stock will be subject to delisting from Nasdaq. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 4, 2024 EMBRACE CHANGE ACQUISITION CORP. By: /s/ Jingyu Wang Name: Jingyu Wang Title: Chief Executive Officer 2